pigeon forge cabins: Cabin Foreclosures in the Gatlinburg and Pigeon Forge Area - 02/04/09 12:11 AM
The real estate market in Sevier County has unquestionably been impacted by foreclosures and short sales of cabins. A large portion of the cabin sales, approximately 40%, have been either foreclosures or short sales. Among these foreclosures many were purchased at what I would consider bargains and some others were more along the lines of a typical selling price. It is vitally important to ensure the cabin is appropriately priced for a foreclosure before making an offer. I have seen some foreclosure cabins that are priced no more competitive than regular sales, yet have sold quickly on the market. I think … (5 comments)
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pigeon forge cabins: Current Real Estate & Rental Market Conditions - 09/30/08 01:39 AM
I have received several questions from clients regarding the current state of the real estate and rental market here in the Smokies. I thought I would post my analysis for all to see regarding the Sevier County area real estate market, foreclosures, and the impact of the "real estate/mortgage bubble" on the local rental management companies. Below is my sometimes critical and as straight forward as possible analysis of the market.
The overnight cabin rental business realized a decrease in business during the early summer months (compared to the same time frame in previous years) when gas prices spiked to around the … (0 comments)
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pigeon forge cabins: 3 Bank Owned Cabins Auctioned By Cole Auctions - 05/15/08 10:29 PM
I am a frequent visitor of local auctions - partially looking for a bargain on some real estate and in some ways for curiousity, entertainment, and getting a better feel for the real estate market.
Recently, I have attended auctions by various companies including Furrow Auction Company for some beautiful commercial land in Wears Valley - where my family ended up purchasing 2.6 acres for what we feel was a good bargain (approximately $85,000 less than the current tax appraised value of the land).
Other auctions included some large land parcels for sale by Thompson Carr (180+ acres off Henrytown Rd.) … (0 comments)
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pigeon forge cabins: Thunder Mountain - Wears Valley Cabin Community near Pigeon Forge - 09/16/07 02:32 AM
Thunder Mountain is a new development nestled in the peaceful “Little Cove” area of the Great Smoky Mountains. The development offers stunning views of Mt. LeConte, Cove Mountain, Bluff Mountain, and the surrounding mountain ranges well into the Smoky Mountain National Park. Its location is very convenient to the Parkway - only 3.3 miles from light #6 on the Parkway in Pigeon Forge and 4.9 miles from light #10 in Pigeon Forge adjacent to the Gatlinburg Spur. The spectacular setting of 400 acres is divided into 270 generously sized mountain estate homesites. Infrastructure is excellent as it provides wide paved roads, … (4 comments)
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